AAPL vs. QQQ
Compare and contrast key facts about Apple Inc (AAPL) and Invesco QQQ (QQQ).
QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AAPL or QQQ.
Key characteristics
| AAPL | QQQ | |
|---|---|---|
| YTD Return | 22.52% | 21.27% |
| 1Y Return | 34.62% | 38.31% |
| 3Y Return (Ann) | 17.16% | 10.36% |
| 5Y Return (Ann) | 32.72% | 21.70% |
| 10Y Return (Ann) | 26.36% | 18.70% |
| Sharpe Ratio | 1.52 | 2.12 |
| Sortino Ratio | 2.22 | 2.77 |
| Omega Ratio | 1.28 | 1.37 |
| Calmar Ratio | 2.07 | 2.68 |
| Martin Ratio | 4.90 | 9.95 |
| Ulcer Index | 7.01% | 3.72% |
| Daily Std Dev | 22.65% | 17.50% |
| Max Drawdown | -81.80% | -82.98% |
| Current Drawdown | 0.00% | -1.55% |
Correlation
The correlation between AAPL and QQQ is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
AAPL vs. QQQ - Performance Comparison
In the year-to-date period, AAPL achieves a 22.52% return, which is significantly higher than QQQ's 21.27% return. Over the past 10 years, AAPL has outperformed QQQ with an annualized return of 26.36%, while QQQ has yielded a comparatively lower 18.70% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
AAPL vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Apple Inc (AAPL) and Invesco QQQ (QQQ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
AAPL vs. QQQ - Dividend Comparison
AAPL's dividend yield for the trailing twelve months is around 0.42%, less than QQQ's 0.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAPL Apple Inc | 0.42% | 0.49% | 0.70% | 0.49% | 0.61% | 1.04% | 1.79% | 1.45% | 1.93% | 1.93% | 1.67% | 2.10% |
QQQ Invesco QQQ | 0.61% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
AAPL vs. QQQ - Drawdown Comparison
The maximum AAPL drawdown since its inception was -81.80%, roughly equal to the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for AAPL and QQQ. For additional features, visit the drawdowns tool.
Volatility
AAPL vs. QQQ - Volatility Comparison
Apple Inc (AAPL) has a higher volatility of 5.91% compared to Invesco QQQ (QQQ) at 3.45%. This indicates that AAPL's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.